ServiceNow CEO Bill McDermott on buying cybersecurity startup Armis for $7.75 billion
December 23, 2025 • 3m 31s
Jim Cramer (Squawk on the Street Anchor)
00:00.350
oh
let's
get
let's
get
more
about
this
deal
just
so
people
know
this
is
servicenow
buying
imus
in
armisen
that's
to
expand
cyber
exposure
so
let's
go
right
to
it
this
is
a
CNBC
exclusive
bill
welcome
back
to
squawk
on
the
street
Bill McDermott (Chairman & CEO)
00:16.520
thank
you
very
much
jim
OK
Jim Cramer (Squawk on the Street Anchor)
00:19.310
so
bill
why
do
you
need
to
do
this
you've
come
on
many
many
times
and
said
look
we
are
the
single
source
of
truth
we've
got
the
AI
control
tower
for
business
why
do
you
need
to
have
a
layer
of
of
cybersecurity
because
it's
not
cheap
to
buy
a
company
like
this
Bill McDermott (Chairman & CEO)
00:36.430
you're
absolutely
right
you
know
the
main
thing
is
this
jim
we're
the
only
software
company
in
the
enterprise
that
is
operated
at
the
rule
of
fifty
plus
delivering
twenty
percent
plus
revenue
growth
for
the
last
decade
so
to
be
clear
we
don't
need
to
buy
growth
we
already
have
Bill McDermott (Chairman & CEO)
00:52.430
growth
and
we're
very
comfortable
with
all
of
our
midterm
projections
but
what
this
does
for
us
is
real
simple
it
extends
our
configuration
management
database
which
is
easily
our
greatest
competitive
manage
because
armas
automatically
discovers
an
inventories
insights
from
Bill McDermott (Chairman & CEO)
01:12.590
billions
of
connected
assets
and
customers
can
now
see
understand
and
protect
their
environment
so
as
you
rightfully
point
out
it
is
the
digital
backbone
of
a
business
managing
laptop
servers
and
so
forth
but
OT
operational
technology
is
the
industrial
complex
of
assets
like
Bill McDermott (Chairman & CEO)
01:33.270
assembly
line
components
robotics
hard
real
estate
and
then
iot
which
is
the
internet
connected
devices
like
sensors
and
cameras
and
smart
grids
now
servicenow
will
have
the
only
AI
control
tower
that
drives
workflow
action
and
business
outcomes
across
all
of
these
environments
Bill McDermott (Chairman & CEO)
01:55.430
and
we
do
this
seamlessly
for
the
biggest
companies
in
the
world
so
this
is
a
major
accelerator
of
growth
for
servicenow
Jim Cramer (Squawk on the Street Anchor)
02:03.720
all
right
so
bill
i've
known
you
for
a
long
time
and
you've
developed
internally
a
lot
of
the
programs
that
you
need
i
noticed
that
you've
been
doing
a
couple
deals
in
twenty
twenty
five
move
works
why
do
you
feel
the
need
to
buy
when
i
know
bill
mcdermott
as
a
builder
Bill McDermott (Chairman & CEO)
02:23.310
yeah
this
is
about
accelerating
growth
jim
we
see
a
trillion
dollar
company
here
with
servicenow
and
when
you
think
about
moveworks
you're
now
reinventing
the
employee
experience
with
agentic
AI
and
employee
requests
information
they
get
knowledge
the
servicenow
platform
takes
Bill McDermott (Chairman & CEO)
02:40.590
action
on
the
decision
they
make
to
move
these
companies
faster
veza
is
really
all
about
identity
you
know
we
have
human
identity
nailed
down
in
our
platform
but
we
want
to
talk
about
nonhuman
identity
how
do
you
manage
the
agents
in
other
people
's
clouds
and
do
all
of
this
on
Bill McDermott (Chairman & CEO)
03:00.030
one
platform
the
servicenow
platform
my
vision
is
that
every
single
employee
in
every
company
in
the
world
goes
to
one
one
control
tower
for
digital
transformation
that
servicenow
and
so
now
all
the
actions
can
be
taken
in
servicenow
there's
no
reason
to
leave
and
already
we
Bill McDermott (Chairman & CEO)
03:18.960
have
seventy
five
billion
workflows
that
are
in
flight
today
jim
with
a
couple
of
trillion
transactions
so
the
moat
that
we've
built
in
the
enterprise
is
getting
pretty
substantial
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